Askari Metals is set to change its name to Highland Metals Limited as it undertakes a broader corporate repositioning to reflect its expanding portfolio of African exploration assets beyond the project that originally defined the company.
The Australian Securities Exchange-listed explorer announced that shareholders will now vote on the proposed name change at an adjourned general meeting on 12 August 2026, following directors’ amendment of an earlier proposal and postponement of the meeting to allow investors additional time to consider the revised resolution.
The company said the board believes the new name better represents its future direction and the diversification of its exploration portfolio across Africa.
According to the addendum issued to shareholders, the proposed name “Highland Metals Limited” more accurately reflects the company’s focus on the exploration and development of its African projects and the increasingly diversified nature of its operations.
If approved by shareholders through a special resolution, the company will lodge the change with the Australian Securities and Investments Commission, and the new name will take effect once the regulator updates the company’s registration.
The proposal comes as Askari reshapes its business around two core African assets.
In Ethiopia, the company’s flagship Nejo Project is an advanced-stage gold and copper exploration project covering approximately 1,200 km² on the Arabian-Nubian Shield.
The land package surrounds the 1.7-million-ounce Tulu Kapi Gold Mine and lies along strike from the 3.4-million-ounce Kurmuk Gold Mine.
In Namibia, Askari owns the Uis Project, a 100%-owned polymetallic critical-minerals project within the Cape Cross-Uis Pegmatite Belt, near Andrada Mining’s operating Uis Tin Mine.
The company has been advancing exploration targeting lithium, tin and other critical minerals in one of Namibia’s most active pegmatite districts.
The rebranding reflects a broader trend among junior exploration companies seeking corporate identities that are less closely tied to individual projects or commodities and better aligned with diversified exploration portfolios spanning multiple jurisdictions.
As part of the process, the company has issued a replacement proxy form covering the revised resolution. Shareholders who have already submitted proxy votes will only need to lodge a new proxy if they wish to change their vote on the proposed name change. Votes already submitted on the remaining resolutions will remain valid.
The original general meeting scheduled for 31 July 2026 has been adjourned to 12 August 2026, with proxy forms due by 10 August 2026.
